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TechCryptocurrency

Posts About Cryptocurrency Have Exploded on Reddit This Year

By
Fortune Staff
Fortune Staff
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By
Fortune Staff
Fortune Staff
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September 21, 2017, 10:54 PM ET
JAPAN-US-IT-FINANCE-BITCOIN -COMPUTERS-HACKING-SERVICES-BANKING
A man holds a bitcoin medal as members of bitcoin trading club hold a meeting in Tokyo on February 27, 2014. Bitcoin users in Tokyo gathered for a meeting set to be dominated by the shuttering of the MtGox exchange amid claims of a multi-million dollar theft. AFP PHOTO / Yoshikazu TSUNO (Photo credit should read YOSHIKAZU TSUNO/AFP/Getty Images)YOSHIKAZU TSUNO AFP/Getty Images

Posts about cryptocurrency have exploded on Reddit, according to data analyzed by MarketWatch, prompting yet more speculation that the assets are a bubble about to pop, or entering the mainstream—depending on which side of the fence you stand.

MarketWatch reports that interactions on niche Reddit forums (known as “subreddits”) devoted to cryptocurrency have soared by a massive 930% this year, and that at one point users were joining one of the main bitcoin forums at the rate of 1,300 a day.

For more on bitcoin, see Fortune’s video:

One group, “CryptoCurrency,” has seen a 3,017% jump in interactions in 2017, paralleling the wild volatility of the asset class. An Ethereum forum has seen a 405% growth in subscribers this year. The litecoin subreddit saw a 1,652% jump.

Interestingly, traffic on other asset classes seems to have dampened down on Reddit, which lures many speculators, traders and investors. MarketWatch reports that interactions on a leading equities market group were down 2% and down 12% in the group known as “wallstreetbets.”

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